Altisource Portfolio: 4Q Earnings Snapshot
GRAND DUCHY OF LUXEMBOURG, Luxembourg (AP) _ Altisource Portfolio Solutions SA (ASPS) on Thursday reported a loss of $306.1 million in its fourth quarter.
On a per-share basis, the Grand Duchy Of Luxembourg, Luxembourg-based company said it had a loss of $19.66. Earnings, adjusted for non-recurring costs and stock option expense, were 26 cents per share.
The real estate services firm posted revenue of $140.7 million in the period. Its adjusted revenue was $132.6 million.
For the year, the company reported that its loss widened to $308 million, or $19.26 per share. Revenue was reported as $621.9 million.
Altisource Portfolio shares have dropped 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.52, a decrease of 43% in the last 12 months.